An Easy Government Solution to the Crisis?
Instead of playing this carry-trade game -- selling bills at 0.1% buying 10s at 2.25% and buying mortgage-backed securities in an effort to artificially put a bid under the market why not do the following:As I've been pointing out for years now you can put capital into the market you can inject TARP funds into banks (and get ready for more of that) but you can't force someone to seek credit. Which explains why all of these shenanigans aren't working yet.So why not sell $1 trillion in 10s with yields all the way up to 3.5%? Granted selling a ...
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